EU passes transparency rules on payments to governments by miners

Jun 13, 2013 | 02:26 PM | Carmen Paun

Tags  European Parliament, Europe, transparency, mining, Jean-Claude Katende, Publish What You Pay, Democratic Republic of Congo, mining regulations Arlene McCarthy

STRASBOURG, France — The European Parliament has voted to mandate that European companies that extract nonferrous metal ores anywhere in the world must disclose payments over €100,000 ($133,140) per year made to governments starting in 2015.

The new rules are part of a reform of the European Union’s accounting directive, which has been backed by an overwhelming majority of members of the European Parliament. ....

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